Archive | April, 2008

04-30-08 by simpson What’s known as America’s First Family of Oil, the Rockefellers, wants Exxon Mobil, the oil giant descended from John D. Rockefeller’s Standard Oil, to change it is ways. They’re worried the company doesn’t care enough about the environment or developing alternative energy. Forbes quoted Neva Rockefeller Goodwin, a great-granddaughter of John D. […]

Heated Fuel Price Rhetoric By Staff Writers, ENERGYWASHINGTON WEEK April 30, 2008 Rising fuel prices are rattling a lot of people who want action, fast. Sen. Dick Durbin (D-IL) has sent a letter to the Chairman of the Federal Trade Commission (FTC), asking for an investigation into the recent spike in diesel and jet fuel […]

04-29-08 by simpson Oil giant ExxonMobil is as secretive as its competitors in Russia and China, according to a report just released by Transparency International, a global organization fighting corruption. "The tragic paradox, that many resource-rich countries remain poor, stems from a lack of data on oil and gas revenues and how they are managed," […]

Average Gas Price Tops $4 in San Francisco; Motorists express dismay but not surprise at the pump. L.A. is not far behind at $3.878 a gallon. By Michelle Quinn, LOS ANGELES TIMES April 28, 2008 >SAN FRANCISCO, CA — Finally, it happened. After days of inching upward, gasoline on Sunday crossed the $4 threshold in […]

Lawsuit seeks fair price for gasoline in Florida and other warm-weather states; Suit Wants Oil Companies to Treat Consumers Fairly By McNelly Torres, SOUTH FLORIDA SUN-SENTINEL April 27, 2008 Florida drivers pay among the nation’s highest gas prices because of high taxes and the state’s lack of refineries and pipelines. Now consumer advocates are taking […]

April 28, 2008 Man Asks God for Cheaper Gas By Wire Reports, UPI OAKLAND, CA — A man of faith from the District of Columbia area is going over the heads of government and industry leaders by asking God for cheaper gas. Rocky Twyman, a public relations consultant and church choir director from the Washington […]

Occidental’s Profit Soars 53% to Record High on Surging Oil Prices By Tiffany Hsu, LOS ANGELES TIMES April 25, 2008 Buoyed by booming energy prices and output, Westwood-based Occidental Petroleum Corp. said Thursday that first-quarter profit leaped 53% to an all-time high. Analysts predicted continuing good fortune for the company but warned that a slowing […]

4-25-08 by dugan Today’s $3.00 per barrel spike in crude oil was a perfect example of market traders capitalizing on hasty news. Initial reports, from military sources, said a U.S. military "contract’ ship fired on boats that were likely Iranian Revolutionary Guard. Soon after, it was not so much — the boats were unidentified: U.S. […]

Gasoline Prices Passing $4, Setting New Records Daily By Staff Writers, Central Valley Business Times (Stockton, CA) April 25, 2008 Prices over $3 everywhere — The question is, will we see $5? — Gasoline now rivals Iraq as Americans’ biggest worry Gasoline price records are being broken throughout California for the third consecutive week, according […]

4-23-08 by dugan Edited 4/23, 5:00 p.m. to use exact temperature benchmarks, as provided by K. Floren. Around a meeting table at the California Energy Commission today, some of us were stifling yawns. Then, in one sentence, a veteran weights and measures regulator put the "hot fuel" issue in a perfect frame: Every packaged […]

4-23-08 by simpson An Apache Junction, Arizona, trucking firm is fighting to stay in business in the face of $4-a-gallon diesel by driving across the border to Mexico to buy fuel where it sells for $2 a gallon. CNN tells the story of how Romano and Son built a 500-gallon tank to haul diesel fuel […]